Hey Santosh,As of right now you're extremely exposed regarding insurance and I'm going to assume legally as well.If the home isn't registered as a legal multi-family with the town that's something you'll have to correct ASAP and make sure the home is up to code.Insurance wise as soon as they find out what you're doing they'll cancel you as the risk has changed from a single family owner occupied home to a multi family owner occupied home.

(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.

If you can swing it, increasing your down payment to 25% or more might help boost your cash flow and make your investment even more sustainable.Your long-term goal of buying and holding, with a target of 20 properties, is definitely a winning strategy.

Definitely a chunk of change I don't want to pay, but having my cash back out to do another deal might be worth it... 

The AP has to be open, notorious and hostile...those terms have a legal meaning and essentially it is that you as the owner have been fully deprived of your right to the property.Absent those items above, it sounds like at best they have another legal right which is a "prescriptive easement".

HELOCs are definitely a good option for financing BRRRRs.

So here's the question, How can I legally evict a tenant who hasn't seemed to do anything wrong except created a landfill in their apartment.

I will definitely reach out to Josh.

Hey There @Ed Lopez - Sorry to hear you are running into this issue...I think like anything I remind myself NO ONE is going care more about my property/project than me so managing the manager or general contract is definitely my job. 

From the side of being a sponsor and having worked with almost all of the firms being discussed to get investors into our fund (I can say quest was great to work with since they are no longer around), there are those that are definitely a lot easier to work with than others and some really drag on the paperwork process whereas others are great.